2024.9.23 Today's market analysis:

Last week, the weekly line closed with a big positive line, and the bullish sentiment was strong. Now it has come to the key pressure position. Is it a breakthrough here? Or is it beaten back to its original shape?

BTC, the key suppression area can be clearly seen on the 1-hour chart. It is the third attempt. If it still can't go up, then the market is very likely to face a callback. At present, it has gone through a shock range. There is a very standard parallel bottom below. If it can come again, false break and recover, then it is a good long position. The same approach above, the previous high 64126 false break and recovery can consider short orders.

ETH, we must learn to simplify and see the trend more simply. The daily level is a shock range, and the operating principle is to sell high and buy low. It has now come to a slightly higher position.

On the 1-hour chart, the upper pressure area is 2660-2700. You can consider short orders when it comes to pressure for the first time. Pay attention to the support near the low point of 2515 below. If a false break and recovery is made, you can consider long orders.

Last week, the bulls were very strong, of course, thanks to the US dollar rate cut. The weekend was a copycat, and there was no general rise. This is not good, proving that the market is still unwilling to pay, so more new funds need to be "lured" into the market. ##BTC☀ ##ETH🔥🔥🔥🔥